2024 LATAM Crypto Adoption: The Rise of Stablecoins
This post is an excerpt from our 2024 Geography of Cryptocurrency Report. Download your copy now!
Latin America is the fifth largest region we study, representing 9.1% of cryptocurrency value received between July 2023 and June 2024. During this time period, the region received nearly $415 billion in cryptocurrency, placing it slightly above Eastern Asia.
Centralized exchanges (CEXs) are the most popular service used by Latin Americans, at 68.7% — slightly behind CEX use in North America. Regional transaction value in Latin America is primarily driven by institutional and professional investors (i.e. entities transacting more than $10,000).
Latin America is the second fastest growing region we study this year, with a…
